QUESTION: I am a US citizen and live and work in Hong Kong for over ten years. Every year I file my tax return to the IRS and did not pay any US taxes....
Welcome to the new subscribers who have joined this list recently. The number of subscribers to this opt-in newsletter is now at 500, an increase of almost 80...
The recent cycle of hurricanes in the Southeast should be a wake-up call to remind the rest of us that we can't get insurance when a category five hurricane is...
COMMENT: I think that it is IRS 7601.31.b. re: Foreign trusts in which it says that earnings from a foreign trust which have no domestic activity, are not...
The Congress has recently passed a new tax law to extend a number of expiring provisions and to provide relief to military families in combat zones. The...
We would like to remind you of this upcoming event. Oct. 15th Tax Return Due Date Date: Friday, October 15, 2004 Time: All Day October 15th is the final due...
JacobsReport@yahoogro...
Oct 1, 2004 5:02 am
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QUESTION: I was told in Hurricane Ravaged Areas such as Florida the October 15th tax return filing deadline (mentioned in your recent reminder memo) has been...
President Bush signed the "Working Families Tax Relief Act of 2004" ( HR 1308)into law on Oct. 4, 2004. The President's signature provides the effective date...
QUESTION: You mention numerous times "US persons" are taxed by the US government. Since I am not a "US person" but an American, I cannot be taxed by the US...
A few days ago, I mentioned that legislation to repeal the Foreign Sales Corporation & Extraterritorial Income Exclusion (FSC/ETI) Act had been bogged down in...
On Oct, 11, the Senate, by a vote of 69-17, approved H.R. 4520, the "American Jobs Creation Act of 2004" (AJCA), clearing the way for the President's expected...
QUESTION: Do you have knowledge of a website (or other service) that evaluates offshore funds (non-USD denominanted) in the way that Morningstar does here in...
About a week ago, I invited members of this list to respond to a question about information resources for analyzing and evaluating offshore fund investments. ...
Shortly after passing the Working Families Tax Relief Act (WFTRA) of 2004 in late September, the House and Senate passed a compromise bill to repeal the...
QUESTION: What are the tax consequences of a US corporation owning an offshore corporation? REPLY: In my office, I have a book that is about 800 pages and most...
I received the following offer for a substantial discount on a seminar registration but the deadline is Oct. 31st. Vern ... Dear Mr. Jacobs The International...
Larry Grossman, an international investment advisor has submitted suggestions on how to locate foreign mutual funds and how to evaluate them. See the updated...
I've just finished an extensive expansion of my article on year end tax planning. It is now a 35 page report that describes how to legally reduce taxes with...
If you are a tax professional, I'd like to get better acquainted with you. From time to time, I get requests for referrals to tax lawyers or tax accountants in...
I've just finished an extensive expansion of my article on year end tax planning. It is now a 35 page report that describes how to legally reduce taxes with...
On October 22, 2004, President Bush signed into law H.R. 4520, the American Jobs Creation Act of 2004 (AJCA). This is a very large tax bill in terms of the...
It is about 2:00 pm Eastern Standard Time and Sen. Kerry is scheduled to make a concession speech in a short time. Meanwhile, President Bush recently signed...
QUESTION: We are soon to receive the proceeds from a probated estate. Do you have a conference call? Do you mail tapes covering your free discussion group? Is...
QUESTION: Let's say the dividend income of U.S. corporations is the non-resident alien's only U.S. source income. If the NRA files a non-resident tax return,...
If a self employed entrepreneur generates a profit equal to 20% of his or her gross sales, then $1 dollar of tax savings can be worth $5 in new sales revenue....
I just spent two days at a tax conference where a lot of the presentations were about the American Jobs Creation Act of 2004 (Jobs Act). One of the many...
It used to be possible for taxpayers to secure substantial protection against the possible imposition of various penalties for negligence or for intentional...
A bona fide resident of the USVI may be eligible for certain tax incentive programs that provide substantial tax savings. Sometimes, the savings could as much...
QUESTION: A client claims if he sets up an offshore corporation that is owned by a Panama foundation that the tax burden does not flow through to him. He is...
QUESTION: My partner and I are Canadian citizens and residents. We operate an Internet business through a U.S. LLC. Except for the Delaware resident agent of...
